Best Direct Selling Opportunity for Housewives, Students & Future Leaders in India

How to Start a Medicine Business in India?

India is a major producer and exporter of Medicine, thus starting a medicine & wellness direct selling business in India is a very profitable business option. Medicine making business is a type of business that ensures the owner good returns with low investment. Also, anyone can start this business; even a home-based medicine business for housewives and students is very profitable as it provides the best work from home direct selling opportunity in India.

Scope of Medicine Business in India

Through cost-effective manufacturing capabilities and a few loyal customers, the company also entered the high-margin specialty generic formulations segment. Today WFFMM Pharma has evolved into a knowledge-driven health and wellness direct selling company manufacturing active pharmaceutical ingredients and formulation products. It is R&D focused and has a multi-product portfolio with manufacturing facilities across India, offering great income potential for future leaders in direct selling.

Potential of Medicine Manufacturing Sector

India is the world’s largest producer and exporter of Medicine; therefore, it is known as the ‘Land of Medicine’. As per statistics, an estimate of 5.8 million of Medicine was exported from India in the year 2012-13, with syrup and Medicine being the top exported. India is amongst the top importers of these medicines in terms of value. Additionally, as per the data, the value of export to the country was Rs. 2115 crore and Rs. 2019 crore respectively. Today, the increasing market needs are also generating enough opportunities for the direct selling business for women, college students, and aspiring entrepreneurs who want to become direct selling leaders in India.

steps to

successfulentrepreneurship

  • Be a regular user of products
  • Earn by sharing the products
  • Enrich by sharing the business
  • Enrich yourself by enriching others

Licenses and Registrations Required to Start Medicine Business in India.

Regardless of the fact that your business is small-scale or large-scale, you have to get these registrations and licenses;

  • Registration with the Registrar of Firms {ROF}. Also, it is recommended to establish your business as a One Person Company at the initial stage.
  • Getting a Trade License from your local Municipal Authority is a must.
  • Getting Udyog Aadhar, MSME Registration is optional. However, getting one will make you eligible for availing subsidies under various schemes by the government.
  • It is a must to comply with all the FPO Regulations
  • Additionally, you are advised to get the Certification